The Wall Street Journal-20080119-O-Neal Named to Alcoa-s Board

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O'Neal Named to Alcoa's Board

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Former Merrill Lynch & Co. Chief Executive Stan O'Neal, one of the highest profile casualties of the credit crisis, yesterday was named a director of Alcoa Inc.

The move came a day after Merrill Lynch reported a $9.8 billion loss for the fourth quarter, the worst in the firm's 94-year history and racked up during Mr. O'Neal's tenure. Mr. O'Neal resigned from Merrill in October following a third-quarter net loss of $2.2 billion and $8.4 billion in write-downs.

Alcoa, of Pittsburgh, also named American Electric Power Co. Chairman and Chief Executive Michael G. Morris a director.

Both appointments are effective immediately.